Recent Update

Mr. Karronn Naresh Bajaj has announced a mandatory open offer to acquire up to 26% of Mitshi India Limited at ₹15 per share in cash, triggered by his acquisition of a 15.57% promoter stake, resulting in a change in control.

Board approved the issue of 40,000 Unlisted Secured Redeemable NCDs of face value Rs 1,000 each, aggregating Rs 4 Crore, on a private placement basis in one or more tranches.

AI Revenue Hits 8.2% PAT at Rs 7,769 Cr in Q1 FY27, +12.2% YoY. Revenue at Rs 48,211 Cr in Q1 FY27, +14.0% YoY (CC growth 2.4%). EBITDA at Rs 12,393 Cr, +12.8% YoY. EBITDA margin at 25.7% vs 26.0%. AI revenue at 8.2% of total revenue vs >5.5% in FY26. Life Sciences segment drove growth at +40% YoY in rupee terms while Others segment declined. Ashis

Q1 FY27 Consolidated Results YoY: Revenue at 48211 Cr vs 42279 Cr, up 14.0% (CC growth 2.4%). EBITDA at 12393 Cr vs 10985 Cr, up 12.8%. EBITDA Margin at 25.7% vs 26.0%, contraction of 30bps. PAT at 7769 Cr vs 6921 Cr, up 12.2%. AI as a % of revenue at 8.2%. Life Sciences segment was the key driver at +24.0% CC while Retail declined 1.8%. Management

Sona Comstar 2.0 strategy; Robotics & Physical AI vertical with ₹8bn orderbook, 3 new orders. Won ₹6.4bn hybrid driveline program, 2 EV motor programs. Revenue +54%.

Ameenji Rubber received a Letter of Acceptance from South Eastern Railway for supply of Composite Grooved Rubber Sole Plates, valued at ~Rs 20 crore, to be executed over 12 months.

Board approved shifting registered office from Uttar Pradesh to Maharashtra, subject to shareholder approval. Approved related party transactions with Cresanto India Pvt Ltd (up to 20 Cr), Cresanto Industries LLP (7.5 Cr), and Koriander Consultants LLP (7.5 Cr). Also appointed internal auditor and fixed AGM dates.

Board approved raising up to ₹5,000 crore via equity shares or eligible securities through QIP, preferential allotment, or other permissible modes, subject to shareholder approval at the EGM on August 17, 2026.

Board approved fundraise of up to Rs 5,000 crore through QIP or other permissible modes, subject to shareholder approval. EGM scheduled for August 17, 2026.

Alpine’s joint development on 13 acres received BDA demand notice for plan approval. Project launch expected in 1-2 months after RERA approval. Net revenue share for the company is approximately Rs. 500 crore over 4-5 years.

Manufacturing operations at three facilities in Daman and Gujarat temporarily suspended due to flooding. Extent of damage being assessed; financial impact unknown. Assets are insured and restoration efforts underway.

Veena J Agarwal (promoter group) sold 1,89,080 shares (3.10%) in Jaipan Industries via open market.

KD Green's 51% subsidiary Shivam Pipe secured a ₹7.55 crore order for galvanized steel tubular poles from BSNL under Bharat Net Phase-III.

Q1 FY27 revenue up 20%+ YoY, exports surged 6x to ₹1.54 Cr. Order book at ₹51.37 Cr. Plant IV to triple steel fiber capacity to 800 MT/month. CIDCO/BMC approval received. New loop-end fiber patent and first export. FY27 guidance: 40% growth with improved margins.

Secured book 50.4%; FY27 RoA guidance raised to 1.8-2.0%, credit cost 0.9-1.0%. Launched MF distribution, credit cards. Gold/vehicle loans >Rs1,000Cr.

Board approved transition of Mr. Ashish Adukia from Global CFO to an internal business leadership role, and appointed Mr. Dinesh Jain as Global CFO and KMP effective 24th July 2026.

Board approved sale of 'EVA' and 'Good Home' brands to Wipro Enterprises for Rs. 256 crores. The brands contributed Rs. 148 crores (17% of FY26 turnover). Deal closure expected by Sep 30, 2026, subject to customary conditions.

Board meeting on July 30, 2026 to approve Q1FY27 unaudited results and consider equity fundraising via QIP or preferential allotment. The fundraising discussion is material given the recent rights issue and negative operating cash flows.

Board approved issue of up to 18 lakh convertible warrants to Vivaro Enterprises Limited (non-promoter) on preferential basis at Rs 30 per warrant, aggregating up to Rs 5.40 Cr. Shareholder approval to be sought via postal ballot.

Board kept in abeyance CAPEX plans approved on 21 July 2026 for a Food Park and a Concierge Health & Wellness facility, citing business structure review and market outlook; no adverse impact on existing operations expected.

Allotment Committee approved the issue and allotment of 40,000 14% secured, rated, redeemable NCDs of face value Rs 10,000 each, aggregating Rs 40 Cr, on a private placement basis to identified investors, with a tenor of 12 months 5 days.

PTC Industries received a design and development order from ARDE, DRDO for a Titanium Cradle for the Indian Light Weight Tank, marking entry into design-led manufacturing of mission-critical defence components. Value undisclosed, execution period 2.5 years.

PTC Industries received a design & development order from ARDE, DRDO for a Titanium Cradle for the Indian Light Tank, marking its first order with design responsibility and strengthening PTC ONE™. The order opens long-term light-weighting opportunities in defence.

Suzlon secured a 201.6 MW DevCo-led EPC wind order from Waaree Group's IPP arm for their maiden wind project in Andhra Pradesh. It will supply 64 S144 (3.15 MW) turbines. This is the second consecutive DevCo EPC order in a week, signaling industry shift towards integrated development models.

CFO Rachid Ayari will step down on September 30, 2026, to transition to another role within the Sanofi group. The company is in the process of identifying a replacement.

Sanofi India's Whole-Time Director & CFO Rachid Ayari resigns effective 30 September 2026 to take another role within Sanofi group. The Company is identifying a successor and will announce the appointment in due course.

Vistra ITCL (India) Limited (non-promoter) pledged 56,00,000 shares (16.34%) of Cineline India Limited.

Board meeting on 28 July 2026 to consider bonus issue, appointment of auditors, annual report approval, AGM scheduling, and record date fixation.

BirlaNu renewed and enhanced a Stand by Letter of Credit for its wholly-owned German subsidiary, increasing the facility from EUR 10.73 million to EUR 20.00 million to secure working capital loans.

Highway Infrastructure Ltd received a Rs. 28.68 crore contract from NHAI for toll collection and toilet maintenance at Kozhinjipatti Fee Plaza, Tamil Nadu, to be executed in 90 days.

Chiraharit Limited was allotted 4,80,000 equity shares of its subsidiary Malaxmi Polymers Private Limited at face value, raising its stake to 72%. The subsidiary is in the plastics/polymer pipes business, with declining revenue from Rs.8.78 crore in FY24 to Rs.7.35 crore in FY26.

Delhi HC dismissed VOGL's petition for extension of the Cambay PSC; VOGL has filed an appeal. Potential loss of production from CB/OS-2 block (4.6 kboepd). Financial impact under evaluation.

Board meeting on July 29, 2026 to approve Q1FY27 results and consider recommending a QIP fundraise. The fundraise proposal is a material development, potentially dilutive but aimed at growth capex.

Profit, Margins Soar PAT at Rs 192 Cr in Q1 FY27, +633.1% YoY. Revenue at Rs 1,732 Cr in Q1 FY27, +91.8% YoY. EBITDA at Rs 284 Cr, +484.3% YoY. EBITDA margin at 16.4% vs 5.4%; no one-off disclosed, expansion appears operational. Interim dividend of Rs 2 per share declared. Mr. Shyam Chandrabhan Agrawal appointed as Non-Executive Independent Directo

MD & CEO Makarand Padalkar resigned; CFO Avadhut Ketkar appointed successor. Q1FY27 standalone revenue jumped 84% YoY to Rs 25.7 bn, net profit Rs 13.6 bn, driven by a Rs 9.4 bn licensing deal.

Q1FY27 revenue surged 69% YoY to Rs. 3,125 crore and net income 121% to Rs. 1,416 crore, driven by a landmark global bank deal. RPO was Rs. 7,345 crore (+16% YoY). CEO Makarand Padalkar resigned; CFO Avadhut Ketkar appointed MD & CEO, with Manish Bhandari as CFO.

Q1 FY27 Consolidated Results YoY: Revenue at 160 Cr vs 144 Cr, up 11.4%. EBITDA at 40.3 Cr vs 47.7 Cr, down 15.5%. EBITDA Margin at 25.1% vs 33.1%, contraction of 800bps; employee costs grew 31% vs revenue growth of 11.4%. PAT at 19.8 Cr vs 27.7 Cr, down 28.5%. Wealth management segment grew 11.2% while other services grew 34.2%. Board approved suc

INDO SMC Limited received a Rs. 66.6 crore (Rs. 6660 Lacs) purchase order for VFD Panels from a prominent Indian engineering company, to be supplied by July 31, 2026. This win highlights strong execution capabilities and customer relationships.

Board approved enabling resolution under Section 180(1)(a) for sale, lease, or disposal of corporate undertakings/assets, subject to shareholder approval at the 34th AGM on 14 Aug 2026. Also approved alteration of Memorandum of Association by removing clause III A(4).

Maninder Singh (Promoter) sold 471k shares via market sale. Before: 3.41M (7.95%), After: 2.94M (6.85%).

Sona Comstar partners with DENSO to form two JVs for electric/hybrid powertrains. One JV for 4W+ vehicles (DENSO 51% control), and another for 2W/3W where DENSO will acquire 49% of Sona's existing traction motor business at an enterprise value of INR 17,500 million.

Board approved carve-out of 2/3-wheeler EV business via slump sale at ₹893.2 Cr, with DENSO to take 49% stake at enterprise value of ₹1,750 Cr. Second JV with DENSO for 4-wheeler EV motors, Sona holding 49% with ₹26.2 Cr investment.

JOJO Limited partnered with FALCON to launch JOJO TV on TCL Smart TVs, extending its reach to India and MENA. The expansion strengthens the company's multi-platform content distribution strategy.

Demuric Holdings (promoter) acquired 5,09,66,612 shares via amalgamation, voting rights 0% to 73.28%.

Veerhealth Care received a Rs. 76.4 lakh contract manufacturing order for skincare products from a top FMCG company for brand promotion, to be executed in 45 days.

Synosy Automotive (promoter) sold entire stake in Sharp Investments via open market; holding reduced from 4.15% to 0%.

Veena Agarwal (promoter) sold 1L shares open market, voting down from 4.74% to 3.10%.

NCLT has sanctioned the Scheme of Arrangement for a bonus issue of 4 Series‑I and 3 Series‑II 9% preference shares per equity share, utilizing general reserves.

Board approved preferential issue of Rs 53.7 Cr: conversion of Rs 22.9 Cr unsecured loan into 8.34 lakh equity shares, and issuance of 11 lakh convertible warrants (Rs 30.3 Cr) to promoter group at Rs 275 each. Promoter stake to rise to ~49.9% from 46.2%. Subject to shareholder vote.

Board approved fundraise of up to Rs 600 Cr (base Rs 400 Cr + green shoe Rs 200 Cr) via issuance of securities including equity shares, subject to shareholder approval. EGM to be convened.